This is a common and often expensive mistake.
Sample billboard land lease agreement.
This agreement is made this 2nd day of march 2014 by and between joshua hereinafter called lessor and cankeron inc.
Billboard lease contract template can be downloaded here for free to draft a contract for billboard leasing.
A billboard lease will define all the nitty gritty terms of your agreement.
The amount you earn from billboard leasing is quite flexible.
You have to remember to contact the company 19 years out or the lease rolls over for another 20 years.
Consider the period of the lease.
You can opt for a short or long term lease agreement.
All the aspects are covered in this agreement like electrical power supply taxes duty or maintenance of billboard.
Contract and agreement of billboard lease extract.
Some billboard leases pay a fixed dollar amount without any point of reference.
Before entering into a long term lease agreement it is essential to contemplate the possibility of a property redevelopment that can become a significant drawback of having the billboard mounted.
If you are the owner of land along a highway or major road you may be approached by a billboard company with an offer to lease a portion of your land.
Billboard lease agreements come in various shapes forms and lengths and are typically used by the billboard companies in many different states and jurisdictions.
Just think about that.
It addresses the specific concerns related to leasing property for the construction or maintenance of an advertising billboard.
If your billboard lease is for a renewal of an existing sign don t assume you ve been getting a fair rate and simply extend the agreement for a small percentage increase.
There are billboard leases out there that have a provision that if the land owner does not contact them by a certain date the lease rolls over for an additional term of 20 years or whatever the primary term was.
This billboard lease contract helps you in avoiding any mistakes and giving income for your advertising.
The obligation of lessee to indemnify lessor and hold lessor harmless shall survive the termination of this lease agreement.
Land lease agreement pdf sample the sample land lease agreement below details an agreement between the landlord gary e chapell and the tenant marjorie h calhoun gary e chapell agrees to lease the site to marjorie h calhoun for the purpose of operating and managing a multi family residential apartment complex.
Premises lessor does hereby lease and demise to lessee space for product advertising purposes a portion of the real property located at mango avenue cebu city philippines.
In the event the premises on which an outdoor advertising structure is located is sold leased improved or developed so as to necessitate the relocation of the outdoor advertising structure.
